Well I took the plunge a few days ago and purchased a 1996 850 wagon 5spd, with 125K miles. I hadn't had any luck finding a 5spd for several months, so in an off chance I would get lucky, I called up a retired Volvo mechanic in my area that sells and repairs choice Volvo's he finds at auctions, etc. He only sells by word of mouth, and loves what he does. The car needs nothing, and the interior looks brand new. I agreed to pay $4900, given that the car comes with a warranty, he provides viritually labor free work for the life of the car, and I like to support outfits like his.
Driving it around town, I can already appreciate the refinement I was seeking. It seems to be the right blend of luxury, sport, and safe solidity I was looking for. Now I just have to find a way to part with my beloved 245!
Thanks for all the great feedback everyone. I'll be a regular visitor in the 850 forum from now on.
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